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Western Australians want to buy...

Western Australians want to buy more property

People in Western Australia are keen to buy property within their area.

Western Australians are being enticed by the country's property market as new research finds that 491,000 of them are looking to move in the next three years.

The Australian Bureau of Statistics' (ABS) 2012 WA Housing Motivations and Intentions Survey revealed that 73 per cent of people hoping to buy were looking to get a separate house or apartment.

Yet few intend to move out of the area as only nine per cent said they had intentions of moving interstate or overseas.

David Waymouth, ABS director of WA State and Territory Statistical Services, who outlined the findings found that nearly half of people planning to move wanted to stick to a familiar area.

He said: "42 per cent of future movers within WA indicated familiarity with an area was a strong influence when choosing their future location."

The fact that people are not intending to leave WA is unsurprising as Australia is known to be an appealing area for people to move to. Often people from outside the country are drawn to it due to its lifestyle and climate.

Posted by Craig Francis 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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